Business News

Trump to make final tax push as Republican negotiators near deal

WASHINGTON (Reuters) - U.S. President Donald Trump will make a final push on Wednesday to shepherd a Republican tax overhaul over the finish line, hosting congressional negotiators for lunch before delivering a speech in which he will make his closing arguments for the legislation. Republican tax writers from the Senate and House of Representatives worked into Tuesday evening to reconcile differences between the sepa...

13 Dec 12:50 PM 0 Read More...

Airbus leadership under fire as crisis deepens

TOULOUSE/PARIS (Reuters) - Airbus (AIR.PA) is engulfed in a fresh bout of speculation over the future of senior managers as corruption probes rattle the aerospace company and add fuel to a long-running clash of egos at the top, people familiar with the group said. Board directors meeting on Thursday are seeking to contain damage from multiple international fraud investigations over commercial and military sales, whil...

13 Dec 12:50 PM 0 Read More...

With rate hike in the bag, Fed may hint at Trump effect on economy

WASHINGTON (Reuters) - The Federal Reserve is widely expected to raise interest rates on Wednesday, but, more significantly, it may give its strongest hint yet on how the Trump administration’s tax overhaul could affect the U.S. economy. Investors will pay close attention to how the central bank aims to balance a stimulus-fueled economic boost with the ongoing weak inflation and tepid wage growth that has curbed so...

13 Dec 12:50 PM 0 Read More...

South Korea considers cryptocurrency tax as regulators grapple with ‘speculative mania’

SEOUL (Reuters) – South Korea said on Wednesday it may tax capital gains from cryptocurrecy trading as global regulators worried about a bubble, with Australia’s central bank chief warning of a ‘speculative mania” that has seen the digital asset making rip-roaring gains. As bitcoin futures made their world debut on a U.S. stock exchange this week, policy makers have been forced to contend with cryptocurren...

13 Dec 7:49 AM 0 Read More...

Founder of China’s embattled LeEco placed on debt blacklist

SHANGHAI (Reuters) – The high-profile founder of struggling Chinese tech conglomerate LeEco has been placed on an official blacklist of debt defaulters, a further blow to a firm that had spent heavily to compete in areas from smart cars to online entertainment. Jia Yueting had his name and ID number splashed on China’s defaulter website after failing to satisfy a court order to pay Ping An Securities Group (Hol...

13 Dec 7:49 AM 0 Read More...

Asia shares take a time out, Brent breaks above $65

SYDNEY (Reuters) - Asian shares took a small step back on Tuesday after three straight sessions of gains, with markets consolidating in the hope an upswing in global growth could outlast a likely hike in U.S. borrowing costs this week. The latest promising news came from China where banks doled out a surprisingly generous dose of credit in November, which could bode well for a pick up in retail sales and industrial o...

12 Dec 6:39 AM 0 Read More...

Unibail-Rodamco agrees to buy Australia's Westfield for $24.7 billion including debt

SYDNEY (Reuters) - France’s Unibail-Rodamco SE (UNBP.AS) has agreed to acquire Australian mall owner Westfield Corp (WFD.AX) for $24.7 billion including debt, in what would be the biggest takeover of an Australian company on record. The companies said in a joint statement that Westfield’s board supports the deal and that Unibail-Rodamco would pay Westfield’s shareholders in cash and shares. “The acquisition o...

12 Dec 6:39 AM 0 Read More...

U.S. transit agencies cautious on electric buses despite bold forecasts

LOS ANGELES (Reuters) - Communities across the United States are looking to replace their dirty diesel buses, ushering in what some analysts predict will be a boom in electric fleets. But transit agencies doing the buying are moving cautiously, an analysis by Reuters shows. Out of more than 65,000 public buses plying U.S. roads today, just 300 are electric. Among the challenges: EVs are expensive, have limited ran...

12 Dec 6:39 AM 0 Read More...

Comcast drops bid for Fox assets, leaving Disney in pole position

(Reuters) - Comcast Corp said on Monday it had abandoned its bid for most of the assets of Rupert Murdoch’s Twenty-First Century Fox Inc, leaving Walt Disney Co as the sole suitor in pursuit of the $40 billion-plus deal. Sources told Reuters last week that Disney was in the lead to acquire the assets, which include Fox’s FX and National Geographic cable channels, its movie studio, the Star network in India and st...

12 Dec 1:35 AM 0 Read More...

Asia wagers global cheer will outlive Fed tightening

SYDNEY (Reuters) - Asian shares were trying to string together a fourth session of gains on Tuesday as optimism about global growth looked set to outlast an almost certain hike in U.S. borrowing costs this week. The latest upbeat news came from China where banks doled out a surprisingly generous dose of credit in November, which could bode well for a pick up in retail sales and industrial output due later in the week...

12 Dec 1:35 AM 0 Read More...